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Nov 7, 2012
11/12
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pressure from the fiscal cliff, house speaker john boehner started a public negotiation with the president. saying republicans would accept an increase in tax revenues if they're tied to tax and entitlement reform. day one after the election and the speaker said it was clear voters want solutions. >> mr. president, this is your moment. we're ready to be led. >> reporter: but what sounded like a concession was mostly a challenge. boehner specifically rejected the way the president would raise revenues: higher taxes on upper-income americans. >> feeding the growth of government through higher tax rates won't help us solve the problem. >> reporter: the president's plan to ask more of the wealthy wealthy-- what he calls the balanced approach to deficit reduction-- was his core argument in the campaign and central to his mandate. he made that clear in this interview with the "cbs evening news" in september. >> the message that will be sent by voters this time out if i'm reelected will be we're not satisfied with the pace of progress but we do think that the ideas the president has presented are
pressure from the fiscal cliff, house speaker john boehner started a public negotiation with the president. saying republicans would accept an increase in tax revenues if they're tied to tax and entitlement reform. day one after the election and the speaker said it was clear voters want solutions. >> mr. president, this is your moment. we're ready to be led. >> reporter: but what sounded like a concession was mostly a challenge. boehner specifically rejected the way the president...
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Dec 20, 2012
12/12
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MSNBCW
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. >>> as time runs out for lawmakers hammering out a deal to avoid the fiscal cliff, house republicans are sweetening a backup plan to gain more gop support. the president is vowing a veto even as hangups and negotiations threaten to keep him in town or delay his hawaiian vacation yet again this year. the irs estimates as many as 100 million tax returns could be delayed if no deal is struck by january 1st. >>> nbc's tracie potts joins us now from washington to break it all down. good morning. what's happening in today's vote? >> reporter: a couple of votes today. let's break it down for you, mara. the big vote that the republicans are pushing to have everyone under a million dollars keep their tax rates low. president obama says this defies lodger, that people making $800,000, $900,000 should be paying higher taxes. republicans think they can get it through the house. no luck of getting it through the democratic senate at all. second vote which is to sweeten the deal for the republicans who are skeptical is to replace the automatic cuts, a lot of which would hit the defense department
. >>> as time runs out for lawmakers hammering out a deal to avoid the fiscal cliff, house republicans are sweetening a backup plan to gain more gop support. the president is vowing a veto even as hangups and negotiations threaten to keep him in town or delay his hawaiian vacation yet again this year. the irs estimates as many as 100 million tax returns could be delayed if no deal is struck by january 1st. >>> nbc's tracie potts joins us now from washington to break it all...
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Dec 13, 2012
12/12
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KGO
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. >>> and in washington, no progress on talks to avoid the fiscal cliff. house speaker john boehner says serious differences remain between him and president obama, over raising taxes and cutting spending. 14 and a fascinating historical note. ahead of mr. obama's second public inauguration, by the time it's over on january 21st, the president will have tied fdr because he'll have been sworn in four times. mr. obama will take a private oath on sunday, january 20th, as required by the constitution. the very next day, he will take it publicly. the president also took two oaths in 2009, after a flub by chief justice john roberts. >> a lot of swearing. >> yes. >> two terms, four swearing. not four terms. >>> and south korea says the satellite north korea launched is orbiting the earth normally. but whether it's functioning properly, that's another question. yesterday's launch has drawn international condemnation. the u.s. and its allies are pushing for stronger sanctions. but china, north korea's biggest supporter says, a moderation is needed to avoid further
. >>> and in washington, no progress on talks to avoid the fiscal cliff. house speaker john boehner says serious differences remain between him and president obama, over raising taxes and cutting spending. 14 and a fascinating historical note. ahead of mr. obama's second public inauguration, by the time it's over on january 21st, the president will have tied fdr because he'll have been sworn in four times. mr. obama will take a private oath on sunday, january 20th, as required by the...
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Dec 9, 2012
12/12
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CSPAN
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the fiscal cliff. the house returned to business this week on tuesday at 2:00 p.m. eastern. they will be appointing members to work with the senate on defense programs. live coverage when the house returns here and c-span. the synod -- the senate returns on monday. they will also consider a nomination for assistant secretary of housing and development. live coverage when they return on c-span2. >> joining as and vermont is governor peter shumlin. thank you for being with us. >> it is great to be with you. thank you for being with us. let me begin with some news of the weekend. that is former republican gov. charlie crist is not a democrat. do you welcome him to the democratic party? is this setting the stage as a potential run as governor as a democrat nunn could 2014. >> he was hugely helpful in electing president obama. it is a great victory for us. he is an incredibly capable victor. we do not take sides before we know that we have one single candidate. everyone knows he was a great governor. he led
the fiscal cliff. the house returned to business this week on tuesday at 2:00 p.m. eastern. they will be appointing members to work with the senate on defense programs. live coverage when the house returns here and c-span. the synod -- the senate returns on monday. they will also consider a nomination for assistant secretary of housing and development. live coverage when they return on c-span2. >> joining as and vermont is governor peter shumlin. thank you for being with us. >> it...
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Nov 9, 2012
11/12
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WMAR
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today to address the looming fiscal cliff. he will talk about his plans to spur the economy and reduce the deficit. >>> a new view of the president's emotional side. the campaign releasing a video of the president tearing up at his chicago headquarters as he thanks campaign workers the morning after his election victory. very emotional. >>> with that, taking a look now at the weekend weather. a chilly morning in the southeast. warming up, though, in the middle of the country. blizzard conditions in the northern rockies. we also have some showers out west, along the california coast. >>> and finally on this friday morning, isn't it good to say friday? electing a president is serious business. >> that doesn't mean the late-night comedians can't have a little fun with our once in every four years exercise in democracy. >> you get so close to becoming the most powerful person in the world. and just like that, you hope to get a call from "dancing with the stars." "business week" magazine has an interesting cover planned for next we
today to address the looming fiscal cliff. he will talk about his plans to spur the economy and reduce the deficit. >>> a new view of the president's emotional side. the campaign releasing a video of the president tearing up at his chicago headquarters as he thanks campaign workers the morning after his election victory. very emotional. >>> with that, taking a look now at the weekend weather. a chilly morning in the southeast. warming up, though, in the middle of the country....
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Dec 20, 2012
12/12
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KGO
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what the speaker of the house plans to do today to avoid that fiscal cliff and how the white house is already speaking out against it. >> oh, my, my. here we go again. >> how many days left, fellas? we've got to move to the middle at some point. >>> and also this morning, the viral video that captivated the world. you see an eagle. he appears to be a kidnapper. we'll show you why this is nothing but a hoax, and a lesson not to believe everything you see on the internet. and i will say, i called it yesterday, did i not? >> yes, you did. i think that's a lesson most folks -- >> i'm a curmudgeon. what can i say? >> most folks already knew not to believe everything you see on the internet. but it's good that we're proving it yet again. >>> later, something mike strahan refuses to do even though he's been asked about it so often. well have details on that coming up later. always funny to me. look at the size difference of those two. she looks like a kindergartner compared to him. >> but they're magical together. >> they work really well together. he's had a nice start. so a whole new chapt
what the speaker of the house plans to do today to avoid that fiscal cliff and how the white house is already speaking out against it. >> oh, my, my. here we go again. >> how many days left, fellas? we've got to move to the middle at some point. >>> and also this morning, the viral video that captivated the world. you see an eagle. he appears to be a kidnapper. we'll show you why this is nothing but a hoax, and a lesson not to believe everything you see on the internet. and...
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Nov 10, 2012
11/12
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CSPAN
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we spoke with a capitol hill reporter about what the house might do it up the fiscal cliff issue. billy house is the househouse speaker john boehner has appeared before the cameras every day since the election on tuesday. what is he saying about the coming work on fiscal issues? >> he is trying to set a tone of putting the onus on president obama to show some leadership. he has not offered any thing that republicans have not been offering for several months in terms of taxes and some other items. he is trying to show they are willing to talk. president obama today responded saying -- yes, let us talk. >> some news reports are characterizing speaker boehner's comments on revenues as a softening or a change in what he said before the elections. what is the truth? has he changed positions? >> softer tone. it is the same position. the higher income rates -- or any of the rates -- will not go along with any reductions. the issue is whether or not to extend the rates that were put in place under former president bush. a lower rate -- those expire through the year. republicans say all of
we spoke with a capitol hill reporter about what the house might do it up the fiscal cliff issue. billy house is the househouse speaker john boehner has appeared before the cameras every day since the election on tuesday. what is he saying about the coming work on fiscal issues? >> he is trying to set a tone of putting the onus on president obama to show some leadership. he has not offered any thing that republicans have not been offering for several months in terms of taxes and some...
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. >> the president breaks his post-election silence today to weigh in on that looming fiscal cliff. the house speaker, already drawing a line in the sand to our diane sawyer. it is a major issue facing washington. even the government says, without a deal, the results will be recession. >>> it's the candid moments so many folks are talking about today. a very emotional president obama, just hours after his big win. >>> and cancer scare for an abc star. brooke burke speaking about the health crisis and the surgery she now faces. >>> and damaged on delivery. a train survivors a transocean trip, only to be wrecked at the dock. >>> good morning, everybody. we begin with the impending budget faceoff that has the country teetering on the edge of a fiscal cliff. >> president obama will speak from the white house today about his game plan to grow the economy as well as cut the deficit. and republicans say they are ready to make it happen. abc's tahman bradley is in washington this morning. good morning, tahman. >> reporter: good morning, paula and rob. shortly after he was re-electioned, pre
. >> the president breaks his post-election silence today to weigh in on that looming fiscal cliff. the house speaker, already drawing a line in the sand to our diane sawyer. it is a major issue facing washington. even the government says, without a deal, the results will be recession. >>> it's the candid moments so many folks are talking about today. a very emotional president obama, just hours after his big win. >>> and cancer scare for an abc star. brooke burke...
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Dec 28, 2012
12/12
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WUSA
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with four days left to the fiscal cliff house leaders head to the white house for talks. >>> and we'll remember the best pop culture stories from "fifty shades of grey" to others. first your "eye opener" at 8:00. >>> president obama meeting at the white house with the four top congressional leaders. >>> the tedline for the fiscal cliff is now just four days away. >>> the president has not laid out a specific plan to deal with this. congress could have done the same. i think the american people should be disgusted. >>> the commander of operation desert storm died from complications of pneumonia. >> the more you sweat in peace, the less you bleed in war. >>> the powerful storm moving cross the country is finally moving out. >> although it's not major system it's going to cause problems for tomorrow. >> less than a few days. the longshoremen and the shipping companies are at an impasse. >> this is in real-time. >> real-time. >> is that a ring tone? what ring tone was that? >> i have "dancing queen" is my general ring tone for most people and then my wife's is "super trooper." >>> i'm rebe
with four days left to the fiscal cliff house leaders head to the white house for talks. >>> and we'll remember the best pop culture stories from "fifty shades of grey" to others. first your "eye opener" at 8:00. >>> president obama meeting at the white house with the four top congressional leaders. >>> the tedline for the fiscal cliff is now just four days away. >>> the president has not laid out a specific plan to deal with this....
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Dec 28, 2012
12/12
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KRCB
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a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry reid predicted the economy would go over the cliff. speaking from the senate floor he said there's not enough time between now and the end of the year to reach a deal. but stocks erased their losses ithe final hour of trading on news that the house of representatives will reconvene on sunday night to resume talks. by the closing bell, the dow was down only 18 points, bouncing back from a triple digit lo
a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a...
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Dec 23, 2012
12/12
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CNNW
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. >>> the nra steps into the gun debate and house speaker boehner gets tripped up on the fiscal cliff by his own party. today in the aftermath of newtown, the national rifle association offers a safe school plan. >> the only think that stops a bad guy with a gun, is a good guy with a gun. >> our conversation with nra point man asa hutchinson. connecticut senator joe lieberman on the culture of violence. then the gop's civil war. >> not the outcome that i wanted, but that was the will of the house. >> republican versus republican on the fiscal cliff with congressman steven la tourest and mick mulvaney. weighing in, "usa today's" bureau chief susan page, ron brownstein and michael duffy, washington bureau chief for "time" magazine. i'm candy crowley. this is "state of the union." nine days after the mass shooting deaths in newtown, the president of the national rifle association joined the gun debate. >> i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. >> in a similar vein, lawmakers in a
. >>> the nra steps into the gun debate and house speaker boehner gets tripped up on the fiscal cliff by his own party. today in the aftermath of newtown, the national rifle association offers a safe school plan. >> the only think that stops a bad guy with a gun, is a good guy with a gun. >> our conversation with nra point man asa hutchinson. connecticut senator joe lieberman on the culture of violence. then the gop's civil war. >> not the outcome that i wanted, but...
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Dec 26, 2012
12/12
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CNBC
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., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case. we still have a few days left. a white house official told me that there have been no progress over the last couple of days, but an aide to senator harry reid told me there's still a 50/50 chance we get a mini deal that would put off the effects of the cliff at least temporarily and a 50/50 chance of that happening before january 1st. so even though there's a small number of days, sometimes the urgency of a deadline forces lawmakers to overcome differences they can't overcome otherwise. >> remind us, john, a mini deal is composed in the senate but still has
., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case....
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Dec 31, 2012
12/12
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CNNW
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already going over the fiscal cliff because the house is adjourning. tom foreman joining us with more details. what are you seeing? >> even if you don't care about politics, you don't care about the president, the parties, congress, anything else, you should be watching this number back here right now. because if this gets to zero without a deal, every taxpayer in america is going to be affected. or at least we're going to be one giant step closer to them being affected. because taxes will go up for everyone. by how much? let's look at some examples. let's say you make $50,000 a year. i'm talking about for a couple. for a family. it's a little bit different with individuals. still pretty close. if you make $50,000 a year, your taxes are going up by $2,000. next year and either year after that. unless this thing is fixed somehow. that's a whopping amount of money for people making that little. and that's what's in place if it goes that direction. let's say you make $75,000 a year. that's a pretty good bit more. if you make $75,000 a year, you're going t
already going over the fiscal cliff because the house is adjourning. tom foreman joining us with more details. what are you seeing? >> even if you don't care about politics, you don't care about the president, the parties, congress, anything else, you should be watching this number back here right now. because if this gets to zero without a deal, every taxpayer in america is going to be affected. or at least we're going to be one giant step closer to them being affected. because taxes...
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Dec 28, 2012
12/12
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WUSA
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to try to cut a deal to avoid the so-called fiscal cliff. in ten days across h board-spends cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. >> they have to have their milk. we might have to cut elsewhere. >> reporter: back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk will with far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> here's the problem. they don't want chaos. it sounds good, everybody will double or about triple t
to try to cut a deal to avoid the so-called fiscal cliff. in ten days across h board-spends cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. >> they...
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. >>> and with america less than two months from hitting the fiscal cliff, house speaker john boehner says don't expect a permanent fix from this lame duck congress. in an exclusive interview with cnn, speaker boehner says the best we can hope for is something temporary. >> lame duck congresses aren't known for doing big things. and lame duck congresses probably shouldn't do big things. so i think the best you can hope for is some kind of a bridge. some kind of a temporary push back of the sequester and then we have the debt limit right behind it in february. so i would think that will be the best you could hope for. and even that is going to be very difficult to do. >> congress faces an end of the year deadline before spending cuts kick in and tax breaks begin to expire. sunday night football action. the atlanta falcons beat the dallas cowboys 19-13. atlanta is now the only undefeated team in the nfl. and they did it the hard way on the strength of four field goals from matt bryant. >>> coming up, husrricane sandy could have a big effect on election day. we'll take you to a high scho
. >>> and with america less than two months from hitting the fiscal cliff, house speaker john boehner says don't expect a permanent fix from this lame duck congress. in an exclusive interview with cnn, speaker boehner says the best we can hope for is something temporary. >> lame duck congresses aren't known for doing big things. and lame duck congresses probably shouldn't do big things. so i think the best you can hope for is some kind of a bridge. some kind of a temporary push...
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Dec 27, 2012
12/12
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FOXNEWSW
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the house has already passed legislation to avoid the entire fiscal cliff. senate democrats have not. speaker boehner is in his home state of ohio today. the house gop leadershipship put out a statement yesterday saying the house has passed legislation extending existing tax cuts and putting -- delaying putting off some spending cuts and replacing them with other spending cuts, and they're urging the senate to do the same. jon? jon: molly henneberg there at the white house where we are getting down to the wire. thank you. for more on the efforts to keep the economy from heading over the cliff and the likelihood of reaching some kind of a deal in time, let's talk with susan -- [inaudible] chief congressional correspondent for the washington examiner. what are the chances here, susan? >> hi, jon. i think at this point we're just simply running out of time. we have only got a few days left. they're so far apart on what an agreement would look like. even if they weren't going to put together a comprehensive deal which everybody agrees there's simply not enough t
the house has already passed legislation to avoid the entire fiscal cliff. senate democrats have not. speaker boehner is in his home state of ohio today. the house gop leadershipship put out a statement yesterday saying the house has passed legislation extending existing tax cuts and putting -- delaying putting off some spending cuts and replacing them with other spending cuts, and they're urging the senate to do the same. jon? jon: molly henneberg there at the white house where we are getting...
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Dec 2, 2012
12/12
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CNNW
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cliff. >>> and a highway tunnel comes crashing down while cars are inside, igniting a fire. several people may still be trapped. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. but when i was in an accident...
cliff. >>> and a highway tunnel comes crashing down while cars are inside, igniting a fire. several people may still be trapped. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org....
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Dec 25, 2012
12/12
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KTVU
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. >>> they are trying to reach a last minute deal to avoid the fiscal cliff. they rejected house speaker john boehner's plan "b" and they say it will not be reached until they match spending cuts. they will raise taxes on the wealthiest americans. >> we will go over the cliff because it is what the president wants. >> we will present a tax hike on middle-class americans... >> without a deal spending cuts will take affect in the new year and economists warn it could lead to a recession and big jump in unemployment. >>> and before the end of the year, right now homeowners do not have to pay tax on a portion of the mortgage short sale or principal reduction, in authority sale, they could soon own income tax on part of what they had to pay. >>> officers are looking for and they say he killed his brother-in-law. he left in an orange truck and he is considered to be armed and dangerous. >>> they are banning together to find an answer to problems putting escalators out of service. there are many things that can put escalators out of service, dropped keys and change,
. >>> they are trying to reach a last minute deal to avoid the fiscal cliff. they rejected house speaker john boehner's plan "b" and they say it will not be reached until they match spending cuts. they will raise taxes on the wealthiest americans. >> we will go over the cliff because it is what the president wants. >> we will present a tax hike on middle-class americans... >> without a deal spending cuts will take affect in the new year and economists warn...
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Dec 10, 2012
12/12
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CNN
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the fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. this meeting was not on the official white house schedule today. wednesday a source familiar with the conversation said the two actually spoke by phone. that was the first time in a week they had done so. certainly no reported break-through then. back on monday the president and the speaker were at the same event together, a holiday party at the white house. republican and democratic sources said the two didn't even talk there. john boehner said on friday the white house had wasted another week in potential compromise. at this point we don't know what caused today's movement, just that for the first time in a while the two sides are agreeing on something, even if it's just the wording of their statements about the meeting. >> emily, thank you. cnn's senior political analyst david ger begin joins gen joins cod. you're in front of the camera. >> i can see your snappy tie. >> getting a lot of l
the fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. this meeting was not on the official white house schedule today. wednesday a source familiar with the conversation said the two actually spoke by phone. that was the first time in a week they had done so. certainly no reported break-through then. back on monday the president and the speaker were at the same event together, a holiday party at the white house. republican and democratic...
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Dec 17, 2012
12/12
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FBC
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the fiscal cliff takes aim at the housing market. will the root -- recovery disappear if we go over the edge? ♪ gerri: over the past year, house prices jumping significantly in major u.s. cities. if we go off the fiscal cliff, but could be back to square one. next. ♪ ♪ gerri: well, with the fiscal cliff deadline fast approaching, my next guest says, falling of the fiscal cliff will have a devastating effect on the nation's housing market. consumer confidence would get hurt first which would impact demand. here with more, executive vice president of carrington mortgage holdings. welcome back to the show. you say, the impact of going over the fiscal cliff could be devastating. how so? >> the first casualty, as you mentioned, will be consumer confidence, and a lot of what has built the housing market back up is increased demand. absent that demand, and that will be the first thing to get hit with consumer confidence, we start to see prices often which would sort of lead-housing market back into the pits. right after that, most eco
the fiscal cliff takes aim at the housing market. will the root -- recovery disappear if we go over the edge? ♪ gerri: over the past year, house prices jumping significantly in major u.s. cities. if we go off the fiscal cliff, but could be back to square one. next. ♪ ♪ gerri: well, with the fiscal cliff deadline fast approaching, my next guest says, falling of the fiscal cliff will have a devastating effect on the nation's housing market. consumer confidence would get hurt first which...
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Nov 13, 2012
11/12
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FBC
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>> suddenly the fiscal cliff is the number one threat to the market. forget to recession, we are back into housing market crisis, no doubt about it. by the way, if we don't solve the fiscal problems going forward, we have an interest rates by kenaf future. so out. gerri: we cannot win for trying. >> exactly 56 can't win either way. other people talk about the possibility of another recession . i guess you could call it a double dip. it does not feel like we ever get out of the last. do you see recession as a big threat to the housing market? >> not if that this booklet is handled properly. if we have a huge set of government spending cuts and tax increases, certainly a recession would be a problem for the housing market. on the other hand to mouth we have to be careful not to trade one set of tax hikes for another. you mentioned mortgage interest reduction. a huge mistake to limit the mortgage interest deduction upon when the housing market is providing growth for gdp. gerri: but it could happen. what would be the impact if the mortgage deduction were
>> suddenly the fiscal cliff is the number one threat to the market. forget to recession, we are back into housing market crisis, no doubt about it. by the way, if we don't solve the fiscal problems going forward, we have an interest rates by kenaf future. so out. gerri: we cannot win for trying. >> exactly 56 can't win either way. other people talk about the possibility of another recession . i guess you could call it a double dip. it does not feel like we ever get out of the last....
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Nov 27, 2012
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the fiscal cliff is not averted according to this white house report. jay carney went on to say in this press briefing that president obama believes and understands that in order to achieve a deal, a compromise, that everybody has to make tough choices and he remains committed. but this is what he said about social security -- the white house is less interested in tackling the rising costs of social security during the current talks. so that is what is the latest coming out of the white house on the fiscal cliff talks. the two sides not scheduled to meet face to face. as you heard from the prevent of the congressional leaders are the weekend and the two sides separately meeting this week in washington with business leaders and as we said, unions are planning protests on capitol hill. a lot to talk about with the fiscal cliff in washington. we want to turn to all of you and get this tape on this idea of going off of the fiscal cliff. we will talk with glenn on our line for democrats, go ahead. caller: i would like to remark on how relatively quickly it s
the fiscal cliff is not averted according to this white house report. jay carney went on to say in this press briefing that president obama believes and understands that in order to achieve a deal, a compromise, that everybody has to make tough choices and he remains committed. but this is what he said about social security -- the white house is less interested in tackling the rising costs of social security during the current talks. so that is what is the latest coming out of the white house...
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Dec 26, 2012
12/12
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he will be heading back to the fiscal cliff gridlock in d.c. house speaker john boehner has not called members back to the house in d.c. yet. just days ago he looked to avoid a fiscal cliff. will a deal get done? a newspaper under heavy criticism now for publishing the names of local gun permit legal local gun permit holders online. details on that are next on n "news nation." e reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or heari
he will be heading back to the fiscal cliff gridlock in d.c. house speaker john boehner has not called members back to the house in d.c. yet. just days ago he looked to avoid a fiscal cliff. will a deal get done? a newspaper under heavy criticism now for publishing the names of local gun permit legal local gun permit holders online. details on that are next on n "news nation." e reached the age where you don't back down from a challenge. this is the age of knowing how to make things...
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Nov 26, 2012
11/12
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there are new warnings from the white house about the so-called fiscal cliff. a new report claiming this a failure to extend the tax cuts for middle class families could have a negative impact on the economy that could outweigh the gains from black friday and cyber monday sales. that is a big concern as we head into the final quarter here of 2012. welcome after thanksgiving weekend to a brand-new hour of "america's newsroom." i'm martha maccallum. >> i'm bill hemmer. hope you had a great holiday, everybody, and you as well with your family. more republicans say they will consider closing certain loopholes in order to raise revenues if democrats compromise on some of the big issues. have a listen. >> to do this i want entitlement reforms. republicans always put revenue on the table, democrats always promise to cut spending. we never cut spending. i'm looking for more revenue for entitlement reform before the end of the year. martha: how do you get that rev few? that is the big question here folks. doug mcelway joins me live from the white house with more on this
there are new warnings from the white house about the so-called fiscal cliff. a new report claiming this a failure to extend the tax cuts for middle class families could have a negative impact on the economy that could outweigh the gains from black friday and cyber monday sales. that is a big concern as we head into the final quarter here of 2012. welcome after thanksgiving weekend to a brand-new hour of "america's newsroom." i'm martha maccallum. >> i'm bill hemmer. hope you...
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be the antidote to the fiscal cliff it has been suggested as more and more seem to believe us housing is in a recovery our guest is here for a reality check and bloated bureaucracy we complain about it when it comes to the government but does the problems bill over to public universities the numbers seem to say yes and some professors are revolting we'll tell you about at least change let's get to today's capital account. as you well know everyone is obsessing over the fiscal cliff from the press to politicians working on a deal to this seventy three percent of conference participants at the wall street journal's c.e.o. council in washington who reportedly said it is their primary concern now while everyone is focusing on how to avert a recession and had their eyes on president obama's press conference today for clues about averting the proverbial cliff was there another hearing on capitol hill that was far more under the radar but dealing with another issue entirely they could give us an indication of where the economy is headed. the stronger capital standards in our proposal would s
be the antidote to the fiscal cliff it has been suggested as more and more seem to believe us housing is in a recovery our guest is here for a reality check and bloated bureaucracy we complain about it when it comes to the government but does the problems bill over to public universities the numbers seem to say yes and some professors are revolting we'll tell you about at least change let's get to today's capital account. as you well know everyone is obsessing over the fiscal cliff from the...
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Dec 28, 2012
12/12
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the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. the house will be in session on sunday. harris? >> molly henneberg with the latest outside the white house. thank you, molly. >> for now, rebuilding after disaster. >> when a tornado took out their church members of this community went to work and found inspiration in the wreckage. >> in the midst of the worse there is good things to come out. >> fixing a building while feeding the soul. that is coming up. >> harris: 200 tornadoes tore through the southern united states in a single day last year, killing more than 300 people. one of those twisters chewed up the town of tuscaloosa, alabama. 65 people died that day. it was among the deadliest single tornado outbreaks in u.s. history and turned much of that area including a church there to rubble. now, more than a year later that community is just starting to rebuild. elizabeth prann is live for us. what do the church members have to do to go through the process? >> had to get reimbursements from fema and from the insurance companies but
the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. the house will be in session on sunday. harris? >> molly henneberg with the latest outside the white house. thank you, molly. >> for now, rebuilding after disaster. >> when a tornado took out their church members of this community went to work and found inspiration in the wreckage. >> in the midst of the worse there is good things to come out. >> fixing a building...
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Dec 28, 2012
12/12
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with four days left now to avoid the fiscal cliff, house and senate leaders head to the white house for talks this afternoon. we'll also remember the best culture stories of the year from fifty shades of grey to binders for women. first here is a look at today's eye opener at 8:00. >> the president meets with all congressional leaders. no deal can be reached and passed without their cooperation. >> the deadline for the fiscal cliff is now just four days away. >> the president has not laid out a very specific plan to deal with this. candidly congress could have done the same, and i think the american people should be disgusted. >> the commander of operation desert storm died thursday from complications of pneumonia. calling general norman schwarzkopf a hero. >> the weather is footbally moving out, more winter weather is headed to the northeast. >> although it's not a major system it will probably cause travel problems tomorrow. >> there are only two days left before a potential strike and negotiations between the long shore men's union and shipping companies are at an impasse. >> this lo
with four days left now to avoid the fiscal cliff, house and senate leaders head to the white house for talks this afternoon. we'll also remember the best culture stories of the year from fifty shades of grey to binders for women. first here is a look at today's eye opener at 8:00. >> the president meets with all congressional leaders. no deal can be reached and passed without their cooperation. >> the deadline for the fiscal cliff is now just four days away. >> the president...
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Dec 20, 2012
12/12
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we are again, taking concrete actions to avoid the fiscal cliff. >> the house leader -- house majority leader eric cantor taking questions about the two votes that will take place today. the two different bills that are coming up in the house. the sequester replacement cuts bill which will replace the automatic cuts scheduled to go into effect for the state department in 2013 and the plan b which was presented by house speaker boehner which will extend the bush-era tax cuts for those making less than $1 million. it is a tax hike, though, for those making over $1 million. the president has said he will use his veto power if it made it out of the senate, but plan b is doa. we will talk more about that because coming up, congress will hold more hearings today on the benghazi attack without hearing from secretary of state hillary clinton and the man who with could take her place rises to her defense. however, will hillary clinton soon testify? ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole gra
we are again, taking concrete actions to avoid the fiscal cliff. >> the house leader -- house majority leader eric cantor taking questions about the two votes that will take place today. the two different bills that are coming up in the house. the sequester replacement cuts bill which will replace the automatic cuts scheduled to go into effect for the state department in 2013 and the plan b which was presented by house speaker boehner which will extend the bush-era tax cuts for those...
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Dec 16, 2012
12/12
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. >>> a potential breakthrough on stalled fiscal cliff talks. house speaker john boehner is offering something that he and other republicans really oppose, and that is raising tax rates on the wealthiest americans. that's the condition president obama has insisted on for any deal to avert a fiscal cliff, which by the way, is a little more than two weeks away. the president wants tax hikes on incomes above $250,000. cnn is told boehner proposed the increase start at incomes of $1 million in exchange for the president agreeing to more significant spending cuts. those are the headlines and back to candy crowley in newtown, connecticut. candy. >> thanks so much, dana. >>> up next, blame, shame, and moving beyond the terror. the parents of kids who kill. we're at walmart with the simmons family. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same
. >>> a potential breakthrough on stalled fiscal cliff talks. house speaker john boehner is offering something that he and other republicans really oppose, and that is raising tax rates on the wealthiest americans. that's the condition president obama has insisted on for any deal to avert a fiscal cliff, which by the way, is a little more than two weeks away. the president wants tax hikes on incomes above $250,000. cnn is told boehner proposed the increase start at incomes of $1...
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Dec 14, 2012
12/12
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guest: the eligibility age quickly shaping up to be a big issue for the fiscal cliff. house republicans have said this is something they want to come out of these negotiations. congressional democrats, one of the top senators, has said we are not on board with it. it is difficult to see where that issue lands. what that will mean even chile is moving the age up to 67 -- will mean eventually is moving the age up to 67. host: the issue of spending, a large majority goes to these programs, medicare and medicaid, social security. speaker boehner was speaking about that yesterday. >> i am not concerned about my job. i am concerned about doing the right thing for our kids and grandkids. if we do not fix this spending problem, their future is going to be rather bleak. host: this doc fix will cost potentially $25 billion. where is the debate heading? guest: it is heading into the holiday season as there seems to be an impasse between the two political parties. most expect to see changes are cuts -- or cuts. moving the eligibility age to age 67 is one of the big changes they ha
guest: the eligibility age quickly shaping up to be a big issue for the fiscal cliff. house republicans have said this is something they want to come out of these negotiations. congressional democrats, one of the top senators, has said we are not on board with it. it is difficult to see where that issue lands. what that will mean even chile is moving the age up to 67 -- will mean eventually is moving the age up to 67. host: the issue of spending, a large majority goes to these programs,...
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Nov 10, 2012
11/12
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the fiscal cliff. that is why the house took action earlier this year, to replace the sequester with other types of cuts, and is also why of the summer we passed a bill to extend all of the current tax rates. for one year so we had time to overhaul our tax code. and that is why i outlined the responsible path forward, where we can replace the spending cuts and extend the current rates, paving the way for entitlement reform, as well as tax reform with lower rates. at 2013 should be the year that we begin to solve our debt through tax reform and entitlement reform. i am proposing that we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year that our government comes to grips with the major problems that are facing us. we will bring jobs home that result in a stronger, healthier economy, and a stronger healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president
the fiscal cliff. that is why the house took action earlier this year, to replace the sequester with other types of cuts, and is also why of the summer we passed a bill to extend all of the current tax rates. for one year so we had time to overhaul our tax code. and that is why i outlined the responsible path forward, where we can replace the spending cuts and extend the current rates, paving the way for entitlement reform, as well as tax reform with lower rates. at 2013 should be the year that...
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Dec 12, 2012
12/12
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a result of the fiscal cliff deal. they don't want to see a lapse, for instance, in the payroll tax cut. although they'd be fine with it being replaced by something else. unemployment insurance passed, infrastructure spending, those are incentives for the white house to cut a deal on the fiscal cliff as opposed to just going over it and saying, okay, we'll just take the, you know, sequester cuts and bush tax rates. >> that's right, and they were willing to do that in 2010 and were criticized, of course, by the base of the party because they felt so strongly about the stimulus measures. that shows how firmly the president is going to fight for those in the final package. >> i think there's so many reasons why boehner has to take a deal, though, in addition. if you look at the polls, 2 to 1, the public blames the republicans if there is no deal. and he's, meanwhile, gotten his tea party radicals, he's punished them for not following his line and his leadership. so, you know, look at wall street, they so far the market's
a result of the fiscal cliff deal. they don't want to see a lapse, for instance, in the payroll tax cut. although they'd be fine with it being replaced by something else. unemployment insurance passed, infrastructure spending, those are incentives for the white house to cut a deal on the fiscal cliff as opposed to just going over it and saying, okay, we'll just take the, you know, sequester cuts and bush tax rates. >> that's right, and they were willing to do that in 2010 and were...
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Dec 19, 2012
12/12
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this morning's top stories, go over the fiscal cliff in 13 days. house speaker john boehner and president obama more willing to compromise. he agrees to tax hikes on families earning 1 million and up and across the board cuts to military and domestic programs. the president wants tax hikes for those families making $400,000 or more. >>> two convicted bank robbers on the run after authorities say they escaped federal prison, scaling down 20 stories on a makeshift rope made of bed sheets. >> oh, boy. >> jose banks and kenneth connelly weren't there for a head count yesterday morning. the fbi stormed one home and might have just missed them. >> wow. that's incredible that they were able to get away with that. >>> investigators are trying to determine what caused a 1,000 gallon propane tank to ignite and explode at a shopping center in virginia, folks. that blast damaged a half a dozen businesses and injured a firefighter as well. it happened in amherst on monday night. >>> images that are striking and scary. check out this video of more than a dozen t
this morning's top stories, go over the fiscal cliff in 13 days. house speaker john boehner and president obama more willing to compromise. he agrees to tax hikes on families earning 1 million and up and across the board cuts to military and domestic programs. the president wants tax hikes for those families making $400,000 or more. >>> two convicted bank robbers on the run after authorities say they escaped federal prison, scaling down 20 stories on a makeshift rope made of bed...
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Dec 28, 2012
12/12
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and announcement of a fiscal cliff meeting at the white house, and reversal of fortune. dow bounced back before finishing slightly lower. >>> the most popular american general since world war ii, and tributes are pouring in for stormin norman schwarzkopf. he testeam rolled the iraqi military is in 1991 gulf war, liberating kuwait. he may have been the perfect front man for the first war who played out live in your living rooms. barbara starr live at the pentagon. barba barbara, a great guy, but really great in front of the camera and able to use visuals of the first war to really explain to the american people what was going on. >> well, explain to the american people, and he also knew that saddam hussein and his iraqi generals were watching those press briefings. president obama today remembering norman schwarzkopf as an american original. a limited mission, get the iraqis out of kuwait, get the war done, go home. and he accomplish thad in des rt storm, commanding more than 700,000 coalition forces, more than 500,000 americans and an air and grown campaign that lasted b
and announcement of a fiscal cliff meeting at the white house, and reversal of fortune. dow bounced back before finishing slightly lower. >>> the most popular american general since world war ii, and tributes are pouring in for stormin norman schwarzkopf. he testeam rolled the iraqi military is in 1991 gulf war, liberating kuwait. he may have been the perfect front man for the first war who played out live in your living rooms. barbara starr live at the pentagon. barba barbara, a great...
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Dec 20, 2012
12/12
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fiscal cliff. president obama, house speaker john boehner are leaving door for more negotiations. if they do not reach an agreement, tax hikes affecting all americans and drastic spending cuts take effect. a house vote is set today for speaker boehner's plan b. senate democrats said it has no chance of passing on senate side. that is challenge. we'll get a live report what is happening with that in few moment. >> we have a brand new snapshot on the unemployment situation in the country. number of americans applying for unemployment benefits rising the first time in four weeks up 17,000, to seasonally adjusted 361,000 walked into unemployment offices around the country and filed for very first time out of a job and ready to collect. let's bring in stuart varney, the anchor of "varney & company" on the fox best network. stuart, good morning. what do you think of this number today. >> we're bumbling along. we're bumbling along, same ol' same ol'. we're repeating same pattern. economy looks okay in the
fiscal cliff. president obama, house speaker john boehner are leaving door for more negotiations. if they do not reach an agreement, tax hikes affecting all americans and drastic spending cuts take effect. a house vote is set today for speaker boehner's plan b. senate democrats said it has no chance of passing on senate side. that is challenge. we'll get a live report what is happening with that in few moment. >> we have a brand new snapshot on the unemployment situation in the country....
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Dec 27, 2012
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the senate is working on issues other than the fiscal cliff. the house doesn't return until sunday. president obama got back today but no significant progress towards a deal. democrats and republicans are fighting about process and issues. republicans want democrats to come up with a new proposal. house republicans say sign on to their proposal, keeping tax ritz rates where they are. when it comes to this impasse, both sides have taken to blaming one another. >> the house of representatives is operating without the house of representative. it's being operated with a dictatorship of the speaker. not allowing the vast majority of the house represents to get what they want. if the 250 would be brought up, it would pass overwhelmingly. >> we wanted an agreement. but we had no takers. the phone never rang and so now here we are five days from the new year and we might finally start talking. >> even if democrats and republicans, their leadership and the president, were to strike a deal on the fiscal cliff, it will take a couple days for the senate to work through it, the house to work thr
the senate is working on issues other than the fiscal cliff. the house doesn't return until sunday. president obama got back today but no significant progress towards a deal. democrats and republicans are fighting about process and issues. republicans want democrats to come up with a new proposal. house republicans say sign on to their proposal, keeping tax ritz rates where they are. when it comes to this impasse, both sides have taken to blaming one another. >> the house of...
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Dec 30, 2012
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. >>> the countdown to fiscal cliff is also in its final hours. they worked into the wee hours of this morning and expected to take up talks again later today. a live look now at the u.s. capitol where the house and senate will go back into a rare sunday session this afternoon. yesterday president obama used his weekly address to urge the senate to at least put together a basic package to protect americans from an income tax hike. >> we just can't afford a politically self-inflicted wound to our economy. >> today is a critical day. senate leaders hope to get legislation on paper by tonight ready for a vote on monday. >>> lawmakers are trying to strike a deal to avoid automatic tax hikes for everyone and also to avoid across the board spending cuts. fox 5's [ audio difficulty ] has more at -- audrey barnes has more at what is at steak. >> reporter: try and hammer out a deal to avoid the fiscal cliff describe the talks as productive but the talks didn't produce an agreement. from the senate floor words of optimism from minority leader mitch mcconnel
. >>> the countdown to fiscal cliff is also in its final hours. they worked into the wee hours of this morning and expected to take up talks again later today. a live look now at the u.s. capitol where the house and senate will go back into a rare sunday session this afternoon. yesterday president obama used his weekly address to urge the senate to at least put together a basic package to protect americans from an income tax hike. >> we just can't afford a politically...
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Dec 30, 2012
12/12
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if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as much as $7. cnn's candy crowley spoke with secretary of agriculture tom vilsack. $7 milk? this is known as the dairy cliff, right? >> yes, it is. we've been so focused on other kinds of cliffs, but, in fact, because there is no farm bill, they revert back to some laws that were enacted in the 1940s. it would cause -- because milk won't be, if you will, propped up, it would cause milk prices too almost double, at least according to the agriculture secretary. they're working on a fix, something like that which hits consumers so hard. they'll notice that immedia
if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as...